WBC(SZ:200706) Zheng Quan Shi Bao·2025-12-17 15:57Core Viewpoint - Wafangdian Bearing Co., Ltd. (referred to as "Wafangdian B") announced a comprehensive tender offer initiated by its controlling shareholder, Wafangdian Bearing Group Co., Ltd. (referred to as "Wafangdian Group"), aimed at delisting Wafangdian B from the stock market [2][4] Group 1: Tender Offer Details - The tender offer is directed to all shareholders of Wafangdian B, with a total of 158,600,000 shares being offered, representing 39.39% of the company's total share capital [2] - The offer price is set at 2.86 HKD per share, requiring a maximum total funding of approximately 454 million HKD [2] - The duration of the tender offer is 30 calendar days, unless competing offers arise [2] Group 2: Company Performance and Context - Wafangdian B has faced continuous losses and deteriorating operational conditions due to global economic downturns and structural adjustments [4] - In the first three quarters of the year, the company reported a main revenue of 1.876 billion CNY, an increase of 15.43% year-on-year, while the net profit attributable to shareholders was a loss of 29.51 million CNY, narrowing by 38.9% [4] - The company is recognized as the first B-share listed company in China's bearing industry and has established itself as a leading research and manufacturing base for bearing technology and products [4]